...market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 2) Gross domestic product A) includes all the goods and none of the services produced in an economy in a given time period. B) measures the value of the aggregate production of goods and services in a country during a given time period. C) measures the value of labor payments generated in an economy in a given time period. D) is generally less than federal expenditure in any time period. Answer: B Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking 3) Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B) consumer income in an economy over a period of time. C) capital accumulation in an economy over a period of time. D) final goods and services produced in an economy over a period of time. Answer: D Topic: GDP Skill: Recognition Question history: Previous edition, Chapter 4 AACSB: Reflective Thinking Copyright © 2012 Pearson Education, Inc. Chapter 4 Measuring GDP and Economic Growth 493 4) Gross domestic product (GDP) is the ________ in a given time period. A) value of personal consumption expenditures, gross private domestic investment, and federal government expenditures B)...
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...appropriate conclusions supported by the data. The concept of profesional journal as a means of developing reflective practice has become a popular topic in classrooms, professional journals, conferences, and continuing education programs (Boud & Walker, 1998). Many other names for profesional journal appear in nursing literature, including log, journaling, narrative pedagogy, dialogue journals, reflective practice, and reflective writing. Whatever people says, reflective profesional journal requires writing, a great deal of it. However, journals are an integral part of the teaching/learning in many nursing programs as well as in allied health programs and education in general. The purpose of this essay is to review the literature related to profesional journal and reflective practice and how it can be beneficial in the teaching/learning process. Reflective practice is a means of self-examination that involves looking back over what has happened in practice in an effort to improve performance or to encourage professional growth (Ruth-Sahd, 2003). Profesional journal is a method that is frequently used in nursing education as an active learning technique to enhance reflective practice. Why is reflective practice so important? The literature cites numerous reasons for utilizing profesional journal/reflective practice in the academic setting. According to Pinkstaff (1985), students find that ideas become clearer...
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...CHAPTER 2 LITERATURE REVIEW 2.0 Introduction This chapter reviews the body of literature that is relevant to the research objectives. Since the main focus of the study is on the importance of guided reflection and reflective training to promote student teachers’ critical reflective thinking, it therefore, seeks to address the underlying premise of reflective practice, the defining terms as well as the related studies so far in the area of interest. 2.1 A Perspective of Effective Teaching The concept of effective teaching underpins the goal of this research study. According to Arends (1994, p. 9), effective teaching is defined by four sets of attributes namely knowledge-base, repertoire, reflection and life-long learning. These four attributes of an effective teacher are illustrated as follows: * Effective teachers have control of knowledge bases on teaching and learning and use this knowledge to guide the science and art of their practice. * Effective teachers command a repertoire of best teaching practices (models, strategies, procedures) and can use these to instruct children in classrooms and to work with adults in the school setting. * Effective teachers have the dispositions and skills to approach all aspects of their work in a reflective, collegial, and problem-solving manner. * Effective teachers view learning to teach as a lifelong process and have dispositions and skills for working toward improving their own teaching as well as improving schools...
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...system should be used C) a single indirect-cost rate should be used D) none of the above Answer: A Diff: 1 Terms: activity-based costing (ABC) Objective: 1 AACSB: Reflective thinking 2) Overcosting a particular product may result in: A) loss of market share B) pricing the product too low C) operating efficiencies D) understating total product costs Answer: A Diff: 2 Terms: product undercosting Objective: 1 AACSB: Analytical skills 3) Undercosting of a product is most likely to result from: A) misallocating direct labor costs B) underpricing the product C) overcosting another product D) overstating total product costs Answer: C Diff: 2 Terms: product overcosting Objective: 1 AACSB: Reflective thinking 4) A company produces three products; if one product is overcosted then: A) one product is undercosted B) one or two products are undercosted C) two products are undercosted D) no products are undercosted Answer: B Diff: 1 Terms: product-cost cross-subsidization Objective: 1 AACSB: Ethical reasoning 1 Copyright 2012 Pearson Education, Inc. 5) Misleading cost numbers are most likely the result of misallocating: A) direct material costs B) direct manufacturing labor costs C) indirect costs D) All of these answers are correct. Answer: C Diff: 2 Terms: activity-based costing (ABC) Objective: 1 AACSB: Reflective thinking 6) An accelerated need for refined cost systems is due to: A) global monopolies B) rising prices C) intense competition D) a shift toward increased direct costs...
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...Using relevant SSK19 readings, in particular the four dimensions of reflective practice presented in Pavlovich (2007, 283), discuss the fundamental role that critical thinking plays in evaluating arguments at university. Most of us would believe that we make good decisions; but most of us find it uncommon practise to use the tool of critical thinking to enhance our thinking process which enables us to make better decisions. This essay with provide examples of critical thinking when evaluating arguments by using the different dimensional levels of reflective processes. Critical thinking in evaluating arguments is stated as an essential skill for student at university level, but can only be used to its best when it grouped with the tool of reflection. Most do believe, reflection and critical thinking go hand in hand as a process, just like a personal experience cannot be truly acknowledged within if you don’t ask the question, analyse, understand or action. The fundamental role that critical thinking plays in university arguments is that it allows the student to analyse, evaluate and draw conclusion by using their own mind and not be persuaded by other external or biased opinions. Pavlovich’s reading “The development of reflective practise through student journals” (Pavlovich 2007) refers to the four dimensional levels that she believes is the summary of reflective practise. The four dimensions of reflective method are, describing the experience, analysis of the experience,...
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... | |d. |All of the above. | ANS: D AACSB Analytic, Strategy PTS: 1 2. Globalization is |a. |The trend of businesses expanding beyond their domestic boundaries. | |b. |Increasing average temperature over the globe. | |c. |The increased use of global satellite communication systems. | |d. |A strategy of developing unique products for each nation in the world. | ANS: A AACSB Reflective thinking, Environmental influence PTS: 1 3. Which of the following would not be considered a basic source of globalization? |a. |Similar customer needs | |b. |Falling of trade barriers | |c. |Advances in communication technology | |d. |Differentiation among countries...
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...Communication Skills: Your Ticket to Work or Your Ticket Out the Door NOT: Developing excellent communication skills is one of the fastest ways to ensure your career success. AAC: Tier 1—Reflective Thinking; Tier 2—Conclusion 2. On the job you are more likely to be taken seriously and promoted if you a. look and sound professional. b. frame your degree or certificate and hang it on your office or cubicle wall. c. appear to be busy even when you’re not really doing anything. d. do all of the above. ANS: a REF: pp. 4-5 TYPE: Con DIF: 3 TOP: Professionalism Counts With Employers NOT: If you look and sound professional while working, you are more likely to be taken seriously and promoted. AAC: Tier 1—Reflective Thinking; Tier 2—Conclusion 3. Because the U.S. economy is increasingly _____________ based, education is extremely important. a. politically b. production c. knowledge d. labor ANS: c REF: p. 9 TYPE: Con DIF: 3 TOP: How Does Your Education Affect Your Income? NOT: Because the U.S. economy is increasingly knowledge based, education is extremely important. Two thirds of all new jobs require some kind of postsecondary education. AAC: Tier 1—Reflective Thinking; Tier 2—Conclusion 4. Major trends in today’s dynamic world of work include increased emphasis on self-directed work groups and virtual teams, heightened global competition,...
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...periodically. ANS: c REF: p. 2 TYPE: Con DIF: 3 TOP: Communication Skills: Your Ticket to Work or Your Ticket Out the Door NOT: Developing excellent communication skills is one of the fastest ways to ensure your career success. AAC: Tier 1—Reflective Thinking; Tier 2—Conclusion 2. On the job you are more likely to be taken seriously and promoted if you a. look and sound professional. b. frame your degree or certificate and hang it on your office or cubicle wall. c. appear to be busy even when you’re not really doing anything. d. do all of the above. ANS: a REF: pp. 4-5 TYPE: Con DIF: 3 TOP: Professionalism Counts With Employers NOT: If you look and sound professional while working, you are more likely to be taken seriously and promoted. AAC: Tier 1—Reflective Thinking; Tier 2—Conclusion 3. Because the U.S. economy is increasingly _____________ based, education is extremely important. a. politically b. production c. knowledge d. labor ANS: c REF: p. 9 TYPE: Con DIF: 3 TOP: How Does Your Education Affect Your Income? NOT: Because the U.S. economy is increasingly knowledge based, education is extremely important....
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...Personal Finance: Turning Money into Wealth, 6e (Keown) Chapter 1 The Financial Planning Process 1.1 Facing Financial Challenges 1) Once a sound financial plan is in place, there should be no need to ever change it. Answer: FALSE Diff: 1 Topic: The Financial Planning Process AACSB: 3. Analytical skills 2) When comparing two different investment opportunities the investor should always choose the investment that minimizes the total amount of taxes paid. Answer: FALSE Diff: 2 Topic: Minimization of Taxes AACSB: 3. Analytical skills 3) Being financially secure involves balancing what you earn with A) your investments. B) what you spend. C) your retirement plans. D) your current level of debt. Answer: B Diff: 1 Topic: Financial Planning AACSB: 3. Analytical skills 4) In order for your financial plan to be realistic and attainable it needs to be based upon your A) budget. B) income level. C) number of tax deductions, exemption, exclusions, and credits. D) balance sheet. E) none of the above Answer: B Diff: 2 Topic: Financial Planning AACSB: 3. Analytical skills 5) Personal financial planning can help you to A) deal with unplanned health issues. B) minimize your tax payments to Uncle Sam. C) minimize your chances of personal bankruptcy. D) have enough money for a comfortable retirement. E) all of the above. Answer: E Diff: 2 Topic: Financial Planning AACSB: 3. Analytical skills 6) What are common factors found...
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...outlined in Pavlovich (2007), discuss the importance of critical thinking in the learning process - specifically in evaluating arguments. In your answer draw on a range of relevant SSK19 unit texts. Using relevant SSK19 readings, in particular the four dimensions of reflective practice presented in Pavlovich (2007, 283), discuss the fundamental role that critical thinking plays in evaluating arguments at university. Each of us make thousands of decisions in a lifetime and would like to believe that the decisions we make are ample however, only a few of us practice the tool of critical thinking in order to improve our thinking process and make well reasoned decisions. As a university student, thinking critically is an essential tool as without it you are only looking at the surface. In this essay we will explore the critical thinking process using the different dimensional levels of the reflective processes when evaluating arguments. Critical thinking and reflection methodologies are considered by many to be used interchangeably and being able to understand and possess these skills are essential for students engaged in evaluating arguments at university. Embracing such skills facilitates a student to formulate the right questions, assess the possible answers, scrutinize the credibility of information and sources, and make solid judgments based on the evidence provided. Critical thinking plays a fundamental role in evaluating arguments as it allows students...
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...holistic model of the experiential learning process and a multi-linear model of adult development. The theory, described in detail in Experiential Learning: Experience as the Source of Learning and Development (Kolb 1984), is built on six propositions that are shared by these scholars.” 1. Learning is best conceived as a process, not in terms of outcomes. 2. All learning is relearning. Learning is best facilitated by a process that draws out the students' beliefs and ideas about a topic so that they can be examined, tested, and integrated with new, more refined ideas. 3. Learning requires the resolution of conflicts between dialectically opposed modes of adaptation to the world, i.e. reflection and action - and feeling and thinking. 4. Learning is a holistic process of adaptation to the world, not just cognition but also feeling, perceiving, and behaving. 5. Learning results from synergetic transactions between the person and the environment. 6. Learning is the process of creating knowledge. (see constructivism) Using the learning cycle proposed by Kurt Lewin and the philosophy of John Dewey, David Kolb developed the experiential learning model to describe...
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... | |B |Surveys of employers consistently show that communication skills are critical to effective job placement, performance,| | |career advancement, and organizational success. | |C |Communication skills are needed at all levels of employment. | |D |Communication skills are especially valuable in a gloomy economy in which hordes of job seekers vie for limited | | |openings. | PTS: 1 DIF: 3 REF: p. 3 OBJ: 1-1 NAT: AACSB: Tier 1 - Reflective thinking | AACSB: Tier 2 - Conclusion TOP: Communication Skills and You TYP: Conceptual 2. Which of the following statements about writing skills is most accurate? |a. |Writing skills in today's workplace are an advantage, but they are not a necessity....
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... | |B |Surveys of employers consistently show that communication skills are critical to effective job placement, performance,| | |career advancement, and organizational success. | |C |Communication skills are needed at all levels of employment. | |D |Communication skills are especially valuable in a gloomy economy in which hordes of job seekers vie for limited | | |openings. | PTS: 1 DIF: 3 REF: p. 3 OBJ: 1-1 NAT: AACSB: Tier 1 - Reflective thinking | AACSB: Tier 2 - Conclusion TOP: Communication Skills and You TYP: Conceptual 2. Which of the following statements about writing skills is most accurate? |a. |Writing skills in today's workplace are an advantage, but they are not a necessity....
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...Chapter 01 Taking Risks and Making Profits within the Dynamic Business Environment TEST PLANNING TABLE FOR CHAPTER 1 |Learning Goal | | | | | |LL:1 |LL:2 |LL:3 | | |Knows Basic Terms and Facts |Understands Concepts and |Applies Principles | | | |Principles | | |Describe the relationship between profit |1,2,3,4,5,6,7,8,9,10, |25,26,27,28,29,30,31, |34,35,36,37,38,39, | |and risk and show how businesses and |11,12,13,14,15,16,17 |32,33, |40,41,42,43, | |nonprofit organizations can raise the |18,19,20,21,22,23,24, |188,189,190,191,192,193,194,19|198,199,200,201, | |standard of living for all. |176,177,178,179,180,181,182,1|5,196,197 |202,203,204, | | |83,184,185,186,187 | |221, 326, 330 | |Compare and contrast being an entrepreneur|44,45,46,47,48,49,50,51,52,53|57,58,59, |60,61,62, | |and working for others. ...
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...Definition AACSB: Reflective Thinking Learning Outcome: Micro-1 2) Economics is the study of: A) how to invest in the stock market. B) how society uses limited resources. C) the role of money in markets. D) how government officials decide which goods and services are produced. Answer: B Diff: 1 Topic: What Is Economics? Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-1 3) Scarcity can best be defined as a situation in which: A) there are no buyers willing to purchase what sellers have produced. B) there are not enough goods to satisfy all of the buyers' demand. C) the resources we use to produce goods and services are limited. D) there is more than enough money to satisfy consumers' wants. Answer: C Diff: 1 Topic: What Is Economics? Skill: Definition AACSB: Reflective Thinking Learning Outcome: Micro-1 4) An arrangement that allows buyers and sellers to exchange things is called: A) a contract. B) a market. C) money. D) efficient. Answer: B Diff: 1 Topic: What Is Economics? Skill: Definition AACSB: Reflective Thinking Learning Outcome: Micro-1 5) Because resources are limited: A) only the very wealthy can get everything they want. B) firms will be forced out of business. C) the availability of goods will be limited but the availability of services will not. D) people must make choices. Answer: D Diff: 1 Topic: What Is Economics? Skill: Conceptual AACSB: Reflective...
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